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20121201
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.c.'s mayor and city council. next major tax break, state and local taxes. deductible in full from taxable income. this costs the federal government about $47 billion a year, almost 5% of the annual deficit. so what's the objection to getting rid of the state and local tax deduction? >> the deductions for state and local taxes lowers the cost the citizens are paying those state and local taxes. it means those governments can charge higher tax than they otherwise would. take that away they'll have to lower their revenues at a time when they're in trouble themselves or it's going raise the cost to the citizens who won't be happy about it. >> reporter: as lawmakers rush to rescue the economy from the fiscal cliff emergency, they have focused -- as have we thus far -- on itemized deductions. but when it comes to tax breaks or preferences, says robert... >> not just deductions. it includes things like exclusion from income, the biggest one of which is the we don't tax you on the premiums your employer pays for the health insurance we get. much bigger than anything on the deduction side. it's no
by rose communications from our studios in new york city, this is charlie rose. >> good evening. tonight i can roar to the american people and to the world that the united states has conducted an operation that killed osama bin laden, the leader of al-qaeda. and a terrorist who is responsible for the murder of thousands of innocent men, women and children. for over two decades, bin laden has been al-qaeda's leader and symbol, and continued plot attacks against our countries, friends and allies. the death of bin laden signifies the most significant achievement to date in our effort counterterrorisms professionals to work tire loalsly to achieve this outcome. the american people do not see their work nor know their names but tonight they feel the satisfaction of their work and the result of their pursuit of justice. >> rose: that was president obama in may announcing the killing of america's most wanted terrorist. a new film about to be released by the oscar winning director kathryn bigelow and screen writer mark boal examines the ten-year hunt for bin laden. it is called zero dark thirty,
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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